Pacific Basin Shipping Limited (OTCMKTS:PCFBY) Short Interest Up 600.0% in November

Pacific Basin Shipping Limited (OTCMKTS:PCFBY) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 700 shares, an increase of 600.0% from the October 31st total of 100 shares. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is currently 0.3 days.

Pacific Basin Shipping Price Performance

PCFBY remained flat at $4.92 during trading on Friday. 23 shares of the company’s stock traded hands, compared to its average volume of 1,738. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average is $5.51 and its 200 day moving average is $5.88. Pacific Basin Shipping has a 12 month low of $4.50 and a 12 month high of $7.50.

About Pacific Basin Shipping

Pacific Basin Shipping Limited, an investment holding company, engages in the provision of dry bulk shipping services worldwide. The company offers its shipping services that mainly carry major and minor bulks, including grains, ores, logs/forest products, bauxite, sugar, concentrates, cement and clinkers, coal/coke, fertilizers, alumina, steel, pet-coke, salt, sand and gypsum, and scrap.